Adani Family Left Out of Hurun’s Top Family Businesses
Recently, Hurun released its report on India’s most valuable family businesses. According to Hurun’s list of the top 10 family businesses in India, these businesses have collectively amassed a total value of more than INR 60,00,000 crores. However, this list doesn’t include the name of multi-billionaire Gautam Adani’s business. This news sent a shockwave across…
abhinav singh
Ultratech To Invest INR 3,900+ Crores In India Cement
In recent events, India’s largest cement builder, Ultratech, has set a deal with India Cement to buy the shares of its promoters and their associates for INR 3,954 crore. In the deal, Ultratech will buy out a 32.72% stake in India Cements which will add to their initial holding of 22.77%. Further, the company also…
Vipin
Ambani’s RIL Acquires Adani Power Subsidiary Shares
Reliance Industries Limited and Adani Power have announced an unexpected twist that could significantly impact the energy sector. India’s wealthiest business tycoon, Ambani, has revealed the acquisition of Mahan Energen, a subsidiary of Adani Power. RIL mentioned that they will buy a 26% stake worth ₹50 crore in the 600 MW unit of Mahan Energen’s…
Shipra Prajapati
Inside the Hedge Fund’s Dark Scheme Against Adani
In light of recent events, SEBI (Security Exchange Board of India) released a shocking revelation regarding the Hindenburg report on Adani Entreprises. In its report, the regulator mentioned that the US-based research firm Hindenburg made a profit-sharing deal with Kingdon Capital Management LLC to share research reports before making them public. Ultimately, this resulted in…
Himanshu
Adani’s Mundra Port Ships 16.1 MNT Cargo, Sets Record
India’s biggest port, Adani’s Mundra Port, has created history by shipping more than 16 MNT cargo in the month of October. Mundra Port is India’s biggest port and it’s a flagship port of Adani Ports and Special Economic Zone Ltd.(APSEZ). In a statement, APSEZ said that the Mundra port has shipped more than 100 MNT…
John David
Adani Group To Sell Adani Wilmar’s 43.97% Stake
Adani group has made a big announcement, where it said that it will be selling its entire stakes in the food and beverage company Adani Wilmar. Adani Group has a 43.96% stake in the company, which is said to be finalised by next month. According to a report by the Economic Times, the conglomerate aims…
Yash Sharma
AdaniConneX: $213M for Noida & Chennai Data Centers
AdaniConneX, a joint venture between Adani Enterprises (AEL) and EdgeConneX (ECX), has secured a senior debt facility of $213 million from international banks to expedite its plans for delivering essential digital infrastructure and constructing local data centres. The funds will be utilised to finance the ongoing development of AdaniConneX’s data centre portfolio, which amounts to…
Airtel Appreciates Government For Allocating 5G Spectrum
Airtel Founder and Chairman Sunil Bharti Mittal have appreciated the government for allocating 5G Spectrum within a few hours of the initial payment. “No Fuss, No Follow Up, No running around the corridors and No tall claims. This is the ease of doing business at work in its full glory,” Mr Mittal said on Thursday….
26% Growth In Total Wealth Of Indian Billionaires In FY22
The fiscal year 2021-2022 has showcased nearly 26 per cent growth in the combined income of India’s multibillionaires, which adds up to 750 billion dollars. Toping up the list, there is reliance industries chairman, Mr Mukesh Ambani. His net worth is around $99.6 billion. However, speculations are that the launch of TATA Neu on April…
Aman Goyal